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Foreign Trade and Payments

Module name (EN): Foreign Trade and Payments
Degree programme: International Business, Bachelor, ASPO 01.10.2008
Module code: BAIBA-610
Hours per semester week / Teaching method: 4V (4 hours per week)
ECTS credits: 6
Semester: 6
Mandatory course: yes
Language of instruction:
English
Assessment:
Written exam

[updated 10.12.2020]
Applicability / Curricular relevance:
BAIBA-610 International Business, Bachelor, ASPO 01.10.2008, semester 6, mandatory course
Workload:
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 180 hours (equivalent to 6 ECTS credits).
There are therefore 135 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
BAIBA-480
BAIBA-510 Economic Policy


[updated 29.11.2019]
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Leonhard Firlus
Lecturer:
Prof. Dr. Leonhard Firlus


[updated 20.03.2010]
Learning outcomes:
After successfully completing this module, students will be able to illustrate the causes and effects of trade
  in a global environment and apply them to current examples.
- They will be able to illustrate the structure of a balance of payments and
  carry out transactions independently.
- Students will be able to explain how exchange rates are determined and their importance
  for international competitiveness.
- They will be able to show the possibilities and limits of an expansive demand policy
  at fixed and floating exchange rates.
- Students will be capable of naming the central institutions of the European Union
  and their tasks.


[updated 10.12.2020]
Module content:
- Development of international trade
- Principles of international trade theory and policy
- Balance of payments
- Foreign exchange markets and exchange rates
- Macroeconomic demand in an open economy with fixed and
  floating exchange rates
- Principles of the European Union

[updated 10.12.2020]
Teaching methods/Media:
This module consists of a lecture and group work. Students are expected to prepare and present small group projects on selected foreign trade topics.


[updated 10.12.2020]
Recommended or required reading:
- Krugman, Paul / Obstfeld, Maurice: International Economics. Addison-Wesley, Reading Mass., latest edition.
- Maennig, Wolfgang / Wilfing, Bernd: Außenwirtschaft, Vahlen Verlag, München, latest edition.
- Rose, Klaus und Karlhans Sauernheimer: Theorie der Außenwirtschaft, Vahlen Verlag, München, latest edition.
- Salvatore, Dominick: International Economics. John Wiley & Sons Inc., New York, latest edition.


[updated 10.12.2020]
[Wed Jan 19 05:31:57 CET 2022, CKEY=ia, BKEY=ibw, CID=BAIBA-610, LANGUAGE=en, DATE=19.01.2022]